The Oxford Handbook of Sports Economics

Volume 2: Economics Through Sports

Edited by Stephen Shmanske and Leo H. Kahane

Description

Shmanske and Kahane have brought together nearly all of the important authors in the quickly growing field of Sports Economics to contribute chapters to this two-volume set. All of the authors are writing about subjects that they love and subjects that they have devoted years of study to. The result is truly informative in its content and path breaking in its importance to the field. Anyone contemplating research in the field of sports economics will find the works in these volumes to provide both ample background in subject after subject and numerous suggestions for future avenues of research.

The editors have recognized two ways that economics and sports interact. First, economic analysis has helped everyone understand many of the peculiar institutions in sports. And second, quality data about individual productivity, salaries, career histories, teamwork, and managerial behavior has helped economists study topics as varied as the economics of discrimination, salary dispersion, and antitrust policy. These two themes of economics helping sports and sports helping economics provide the organizational structure to the two-volume set.

The reader will find that sports economists employ or comment on practically every field in economics. Labor Economics comes into play in the areas of salary formation, salary dispersion, and discrimination. Baseball's history and the NCAA are studied with Industrial Organization and Antitrust. Public Finance and Contingent Value Modeling come into play in the study of stadium finance and franchise location. The Efficient Market Hypothesis is examined with data from gambling markets. Macroeconomic effects are studied with data from mega events like the Super Bowl, The World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with superb data in many of the papers herein. Topics in Applied microeconomics like demand estimation and price discrimination are also covered in several of the included papers. Game Theory, measurement of production functions, and measurement of managerial efficiency all come into play. Talented authors in each of these fields have made contributions to these volumes.

The volumes are also rich from the point of view of the sports fan. Every major team sport is covered, and many interesting comparisons can be made especially between the North American League organization and the European-style promotion and relegation leagues. Golf, NASCAR, College athletics, Women's sports, the Olympics, and even bowling are represented in these pages. There is literally something for everyone.

The Oxford Handbook of Sports Economics

Volume 2: Economics Through Sports

Edited by Stephen Shmanske and Leo H. Kahane

Table of Contents

Volume 2: Economics Through Sports

Part One: The Economics of Discrimination

1. Prejudice and Progress in Baseball: Lessons on the Economics of Race and Discrimination by Stephen J.K. Walters2. The Economics of Discrimination: Evidence from Basketball by Lawrence M. Kahn3. Gender and Discrimination in Professional Golf by Stephen Shmanske4. The Economics of Discrimination: Evidence from Hockey by Neil Longley

Part Two: Illustrations of Production Theory

5. The Production Technology of Major League Baseball by Anthony C. Krautmann6. Measuring Performance in the National Basketball Association by David J. Berri7. Frontier Models and Their Application to the Sports Industry by Young Hoon Lee8. Age and Performance Under Pressure: Golfers on the LPGA Tour by Harold O. Fried and Loren W. Tauer9. Salary Dispersion and Team Production: Evidence from the National Hockey League by Leo H. Kahane

Part Three: Illustrations of Econometric Methods

10. Travel and Population Issues in Modeling Attendance Demand by David Forrest11. Demand, Attendance and Censoring: Utilization Rates in the National Football League by Martin B. Schmidt12. Demand for Attendance--Price Measurement by Richard C. K. Burdekin

Part Four: Illustrations of Industrial Organization

13. Major League Baseball Is Just Like McDonald's? Lessons from Unrecognized Rival Leagues by Rodney Fort14. The Market Structure of Professional Sports and the Implications for Stadium Construction and Team Movements by Robert A. Baade 15. Location, Location, Location? Sports Franchise Placement in the Four Major U.S. Sports Leagues by Karl W. Einolf

18. Multiplier Effects and Local Economic Impact by Peter von Allmen19. Contingent Valuation of Sports by Bruce K. Johnson and John C. Whitehead

Part Seven: Miscellany

20. The Economics of Crime Reconsidered: A Game Theoretic Approach with anEmpirical Test from Major League Baseball by Joseph P. McGarrity21. Illustrations of Price Discrimination in Baseball by Daniel A. Rascher and Andrew D. Schwarz22. Contest Theory and its Applications in Sports by Helmut Dietl, Egon Franck, Martin Grossmann and Markus Lang23. Tournament Incentives in Professional Bowling by Michael L. Bognanno

The Oxford Handbook of Sports Economics

Volume 2: Economics Through Sports

Edited by Stephen Shmanske and Leo H. Kahane

Reviews and Awards

"Covering professional and NCAA team and individual sports, this set provides timely overviews of major sports industry issues together with empirical applications ranging from attendance to ZIP code analysis. No sports economist will want to be without this resource; all can enjoy and benefit from lucid, insightful applications of the "dismal science" to areas that are anything but dismal. Highly recommended." --Choice